The government’s all about recalibrating the economy and spreading the wealth at this year’s NPC. Again. That means more spending on schooling country kids and expanding health care benefits; fewer scummy, wasteful mills and power plants; and populist new laws to even out taxes for foreign and domestic companies, the legal status of public and […]
Read MoreA troupe’s 20 girls from Nanjing Military Zone of the People’s Liberation Army performed the beautiful dance during 2007 CCTV New Year Gala. This dance program has been elected one of the best shows and won the...
Read MoreFrom Financial Times: China has issued restrictions on the use of “virtual money” from internet games, warning such currencies could threaten real-world financial stability. The ban on using virtual money to buy “material products” is part of a wider tightening of controls that includes a renewed crackdown on the cafes where many of China’s estimated […]
Read MoreOnce again, the U.S. State Department has singled China out in their annual human rights report. According to the Washington Post: China is at the top of a list of countries blocking Internet access, and Russia and Venezuela have shown serious regression in several areas, mainly in centralizing power in the executive branch, according to […]
Read MoreFrom The Wall Street Journal: Kunming Pharmaceutical Corp. of China makes a potent drug to fight malaria, a disease that kills more than a million people a year. Business is brisk. Yet the World Health Organization calls the sale of the drug a major threat to global health. It is demanding that Kunming and makers […]
Read MoreFrom People’s Daily by way of Wired News: Scientists with the Robot Engineering Technology Research Center of east China’s Shandong University of Science and Technology say they implanted micro electrodes in the brain of a pigeon so they can command it to fly right or left or up or down. The implants stimulated different areas […]
Read MoreFrom BusinessWeek: ‚Ä®In China, the really critical policy shifts are made by an inner circle of advisers to Chinese President Hu Jintao and Premier Wen Jiabao as well as upper-echelon members of the Communist Party. Yet the annual meeting of China’s National People’s Congress, the country’s ceremonial parliament, is instructive in another way. The most […]
Read MoreFrom Keralanext: Taiwan has tested missiles that are capable of hitting Shanghai or Hong Kong, a newspaper reported Tuesday, amid renewed tensions between the island and China triggered by strong pro-independence remarks by Taiwan’s leader. President Chen Shui-bian attended the secret test of the Hsiungfeng 2E missiles early last month, the United Daily News reported, […]
Read MoreFrom Bloomberg: China should allow hedge funds to conduct business, a move which would help the country develop its stock futures market, said Hu Yuyue, a university professor. “We need to legalize hedge funds and bring in more private equity funds,” Hu, head of the stock futures research center at the Beijing Technology and Business […]
Read MoreWhich is the latest and most popular online video in China after the Back-Dorm Boys (ÂêéËàçÁî∑Áîü)? A series of online videos named “Crazed Migrant Workers (Ê∞ëÂ∑•‰πüÁñØÁãÇ).” If you search the Chinese name via...
Read MoreHere are a few interesting proposals the representatives are advocating at this year’s NPC and CPPCC. Huo Yuping, a member of China Academy of Sciences, said the threat of “global warming” is merely fictional. Yan Zhao Metropolitan News reported Huo blamed a small group of people from the press and the government sensationalizing the topic […]
Read MoreFrom Financial Times: The speech by Wen Jiabao, China’s premier, and the documents released to coincide with Monday’s opening of the annual National People’s Congress were packed with old-style communist rhetoric and the sorts of facts and figures beloved by leaders schooled in central planning. Pore over the policy papers and you find that the […]
Read MoreFrom The LA Times: Wang Xingzui is trying to take the go out of his gongo. Step by methodical step, the executive director of the China Foundation for Poverty Alleviation is weaning it from the things that have made his group an oxymoron: a government-organized nongovernmental organization, or gongo. The foundation, one of China’s leading […]
Read MoreFrom China Confidential blog: Taiwan President Chen Shui-bian may have gone too far in calling for formal independence for his self-ruled island. His remarks triggered a furious response from China–which considers Taiwan a renegade province and has threatened military force if necessary to achieve eventual reunification. Chen’s speech also drew a stiff rebuke from the […]
Read MoreFrom The Wall Street Journal: China’s premier is trying to get his nation’s $2.6 trillion economy to change course. That requires him to maneuver very deftly. Wen Jiabao, delivering his annual report on the work of the government to the legislature yesterday, promised a significant boost in state spending on social services, as well as […]
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